Second-Home Buyers Go Condo

Vacation Houses Lose Out
In a Weak Market;
Coping With Pool Rules

By

June Fletcher

Updated April 18, 2008 12:01 a.m. ET

The second-home market is in a slump. But one type of vacation property is still showing signs of life: condos.

A new National Association of Realtors study estimates that sales of vacation homes in 2007 fell 31%, to 740,000, from 2006. But sales of condos dipped only slightly -- down 2.8% -- while sales of detached homes dropped 38%. The upshot is that condos cornered a substantially larger share of the vacation-home market last...